Overview
Description
ProShares UltraPro Short Dow30 is an exchange-traded fund (ETF) designed to provide investors with triple inverse exposure to the Dow Jones Industrial Average, a major U.S. stock market index. The primary purpose of this ETF is to offer leveraged short exposure, allowing investors to potentially profit from declining market conditions. By utilizing derivatives and other financial instruments, ProShares UltraPro Short Dow30 aims to deliver -3x the daily performance of the Dow Jones, before fees and expenses.
This ETF is a tool for sophisticated investors seeking to hedge their portfolios or capitalize on anticipated downward movements in the market. The fund's underlying assets and strategies make it particularly relevant to those with a high-risk tolerance and a short-term focus due to the effects of daily compounding. ProShares UltraPro Short Dow30 plays a critical role for traders in providing a mechanism to express bearish sentiments in one of the most prominent indices, thereby influencing trading strategies and the broader market dynamics. Its significance is heightened during periods of market volatility, when investors may seek to leverage its inverse correlation to manage risk or achieve strategic financial goals.
About
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Website
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Instrument type
ETF
Country
United States
MIC code
ARCX